Emre Yumlu 
Monad Coin (MON) is a high-performance Layer-1 blockchain compatible with Ethereum, pushing the boundaries of decentralization and scalability. With innovations like MonadBFT consensus, RaptorCast block transmission, asynchronous execution, parallel execution with JIT compilation, and MonadDb, it achieves 10,000 transactions per second (TPS), 400ms block intervals, and 800ms finality. Offering full Ethereum Virtual Machine (EVM) bytecode and Ethereum RPC API compatibility, it ensures seamless portability for developers. This article delves into what Monad Coin is, how it operates, and the opportunities it presents.
What is Monad Coin (MON)?
Monad is an Ethereum-compatible Layer-1 blockchain designed to balance decentralization and scalability. It introduces optimizations across five key areas, providing EVM bytecode compatibility and Ethereum RPC API support for developer accessibility. Monad overcomes existing bottlenecks, delivering 10,000 TPS, 400ms block frequency, and 800ms finality. Its core components include MonadBFT (high-performance, tail-fork-resistant BFT consensus), RaptorCast (efficient block propagation), asynchronous execution (separating consensus and execution via pipelining), parallel execution with JIT compilation (streamlined transaction processing), and MonadDb (optimized state access).
Monad offers resources for developers (Monad for Developers) and users (Monad for Users). The Monad client, developed by Category Labs in C++ and Rust, is open-source under the GPL-3.0 license.
Purpose of Monad Coin (MON)
Monad enhances blockchain components (consensus, execution/storage) to boost performance while preserving decentralization. It surpasses Ethereum’s 1.25M gas/second limit, supporting 1 million daily active users (DAUs) with 10 transactions per user daily, equating to 100 TPS. According to L2Beat, no EVM chain currently matches this capacity. Monad enables developers to leverage existing Ethereum dApps, libraries, and cryptographic research, while users enjoy a familiar experience with Ethereum wallets (e.g., Phantom, MetaMask) and tools (e.g., Etherscan).
How Does Monad Coin (MON) Work?
Monad optimizes the Ethereum Virtual Machine with parallel execution and superscalar pipelining. Transactions are processed in parallel but committed in their original order, appearing sequential to users and developers.
Key Components:
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MonadBFT: High-performance, tail-fork-resistant BFT consensus.
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RaptorCast: Efficient block transmission.
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Asynchronous Execution: Pipelines consensus and execution to expand the execution time budget.
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Parallel Execution and JIT Compilation: Optimizes transaction processing.
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MonadDb: Streamlines state access.
Monad mirrors Ethereum with linear blocks and transactions, operates on a proof-of-stake model with decentralized validators, and maintains minimal hardware requirements. It addresses L1 and L2 bottlenecks, including storage access, single-threaded execution, limited budgets, and state growth.
Deployment: Monad for Developers provides comprehensive deployment guidance.
Monad Coin (MON) Use Cases
Monad offers portability and performance for various stakeholders:
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Developers: EVM compatibility allows seamless migration of Ethereum dApps.
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Users: Interact using Ethereum-compatible wallets and tools.
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DeFi and Gaming: Supports high-volume applications with 10,000 TPS.
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Researchers: Utilize existing cryptographic frameworks and libraries.
Usage Steps:
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Use an Ethereum-compatible wallet (e.g., MetaMask).
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Connect to the Monad testnet.
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Deploy or interact with dApps.
Advantages of Monad Coin (MON)
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Portability: Full EVM bytecode and RPC compatibility.
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Performance: 10,000 TPS, 400ms blocks, 800ms finality.
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Decentralization: Low hardware requirements for validators.
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Security: Tail-fork-resistant consensus.
Monad Coin (MON) Tokenomics
MON is the native token that powers the Monad protocol. The MON token is primarily used for transaction fees on the Monad network and for staking to secure the network.
At the launch of the Monad Public Mainnet, the total initial supply of MON will be 100 billion tokens. The distribution of these tokens across different groups is as follows:
- Ecosystem Development: 38.5%
- Team: 27%
- Investors: 19.7%
- Public Sale: 7.5%
- Category Labs Treasury: 4%
- Airdrop: 3.3%
Token Release:
Monad Coin (MON) Investors
Monad raised $244 million. Tier 1: Dragonfly, Paradigm, Alex Svanevik. Tier 2: Shima Capital, OKX Ventures, Electric Capital, Greenoaks Capital. Tier 3: Lemniscap, Placeholder Ventures, Finality Capital Partners. Other: Naval Ravikant.
Monad Coin (MON) Team
Monad was founded by Keone Hon, Eunice Giarta, and James Hunsaker. Keone led the crypto division at Jump Trading. Eunice, an MIT graduate, has extensive experience in software and IT departments. James worked as a software engineer at Jump Trading.
Official Links
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